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US Airways hopes to exchange 132 slots at LaGuardia in exchange for 42 spaces from Delta Air Lines at Reagan. The deal awaits Department of Justice approval, but if it goes through, both airlines would have to auction away other takeoff and landing spots at the two airports. The slots up for bid would present an opportunity for Southwest because they would have to go to a low-cost carrier with meager operations at the two airports.

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The Port Authority of New York and New Jersey, which operates LaGuardia (LGA), stated that it committed to improving and investing in the region's airports. The authority is "investing $3.6 billion through an innovative public-private partnership to build a new Central Terminal Building at LaGuardia Airport that will provide passengers with a world-class terminal," the Port Authority said.

The planned $3.6 billion in improvements under the leadership of the State of New York include a brand new central terminal at LaGuardia, with more open spaces, restaurants, shopping plazas, new parking garages, free Wi-Fi and other amenities seen more commonly in other airports. Gov. Andrew Cuomo also wants to develop a plan to improve John F. Kennedy International Airport's cargo operations. At his annual State of the State address, Gov. Cuomo said, "We are going to redevelop those airports the way they should have been redeveloped many, many years ago."

Southwest Airlines and Virgin America announced plans to purchase 17 pairs of slots at LaGuardia Airport in New York. The slots were divested by US Airways and American Airlines as part of their merger settlement with the Department of Justice. The settlement also calls for the divestiture of slots at Reagan National Airport in Washington, D.C.

Low-cost carriers including JetBlue Airways and Southwest Airlines could become major beneficiaries of the slots American and US Airways will divest at New York’s LaGuardia Airport (LGA) and Washington Reagan’s National Airport (DCA) as part of the settlement agreement reached with the DOJ yesterday. Southwest said in a statement, "We look forward to working with DOJ on a fair and transparent process by which Southwest can expand our low fare competitive presence in DCA and LGA."

A Boeing 737-700 flown by Southwest Airlines landed safely at LaGuardia Airport in New York after experiencing a landing gear issue. The flight from Nashville, Tenn., had 150 people on board. New York's LaGuardia airport has since fully reopened.